Corelio announces 60 job cuts

2 12 2008

Belgian multimedia company Corelio today announced that it will be laying off some 6 percent of its workforce. 60 full time employees, including 15 journalists, will lose their jobs. Corelio, Belgium’s largest newspaper publisher, boasts a diverse portfolio that includes such household names as De Standaard and Het Nieuwsblad.

The job cuts come as Corelio, like other media companies, adjusts to major shifts in media consumption, advertising spending and the current economic downturn. In short, audiences and employers are vanishing. Expect more (Belgian) media companies to follow suit.

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